ASSESSMENT OF THE IMPLICATIONS AND SOLUTIONS OF RENT DEFAULTS OF RESIDENTIAL PROPERTIES IN IDAH, KOGI STATE

ABSTRACT The study set out to examine assess the implications and explore practical solutions to the issue of rent defaults in residential properties in Idah, Kogi State. Data for this study was sourced from both primary and secondary data. Fifty (50) respondents including developers and town planning officials in Idah constituted the study population. The researcher used statistical techniques to analyse the collected data from the respondent such as simple percentage (%) and mean item score and table for easy comprehension. It was revealed from the study that poor landlord-tenant relationships and a lack of formal tenancy agreements increased disputes and misunderstandings. The study also found out that risk of eviction, loss of shelter, strained family relations, and mental stress. It was discovered from the study that traditional approaches such as informal negotiations or use of community elders were found to have limited long-term success. It was also observed from the study that property managers and landlords lacked proper training in tenancy management and conflict resolution. Proper education should be given to landlords and tenants about their rights and obligations under existing tenancy laws. There is need to promote licensing and training for property managers to ensure effective rental administration. There is need to establish community-based dispute resolution systems that are accessible, affordable, and fast.